Schwab incorrectly turned me into to the IRS for “not reporting gain” on sale for something I had full basis in. Tried to charge me $300K in taxes. Accountant said it was because I am a director of a public company that is not the kind of company Chuckie Schwab likes and it is their policy to screw with oil executives.
Audit cost me $3500. IRS paid me $98 in the end for their bad faith investigation.
Good tax accountants aren’t cheap. And they hate dealing with the IRS on poo like that, too.
Wow.
Fascinating stuff.